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912, 2016

How Are Businesses Finding Secure Funding In Today’s Marketplace?

By |December 9th, 2016|Financial, XPC|Comments Off on How Are Businesses Finding Secure Funding In Today’s Marketplace?

For anyone who wants to run a business of their own, one of the most important steps of all is finding the right kind of funding. The truth is, there are many different ways of securing funding for any business, and no two businesses are quite the same in terms of their needs or their abilities to repay. Fortunately, this diversity of choice does mean that most businesses will have the chance to at least get some kind of help. But the fact that there are so many options to choose from also means it can be something of a minefield for the owners. In this article, we will be discussing the various options a budding entrepreneur has if they want to get their business up and running in a strong way. Let’s take a look at how to find secure funding for a new business.

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Loans

As a rule, the majority of businesses rely on a loan on some kind or another to get going. Really, this is the more traditional route, but many businesses are still going this way. It is easy to see why it might be so popular. After all, when it comes to a secure, one-off payment of the amount you need to get going, loans are the way. There are different kinds of loans, of course, and not all are made equal. One type which is losing popularity somewhat is the classic business bank loan. This is for many reasons, but mostly because a lot of business owners don’t feel able to repay the interest. More and more people are turning to low-interest alternatives, such as Credit24. With this type of loan, you can easily borrow a smaller amount to […]

712, 2016

What You Need to Know in Order to Understand Cryptocurrencies

By |December 7th, 2016|Financial, XPC|Comments Off on What You Need to Know in Order to Understand Cryptocurrencies

The most famous cryptocurrency is Bitcoin, but there are others out there. If you’re thinking about starting to use Bitcoin, you should learn a bit more about the whole cryptocurrency scene first of all. It’s not too difficult to understand. You just need to know the basics and a bit about the background and risks. One of the key reasons why people choose to use these currencies is that they offer top security, meaning you can’t be defrauded. Here’s what you need to know if you want to understand cryptocurrencies.

There is No Centralised Institution

One of the most important features of cryptocurrencies is the fact that there’s no centralised institution behind them. Unlike central banks that control interest rates and currencies, there is no such bank behind cryptocurrencies such as Bitcoin. Cryptography controls the creation of new coin, so their value is determined by demand. The coins have no physical presence either. They’re entirely digital and are stored in the cloud, where users can access them use them during transactions. This all means that the value of the coins fluctuates continually.

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It Started in 2009 and Grew from There

In 2009, the very first cryptocurrency was born, and it was known as Bitcoin. This is still the most well known and widely used cryptocurrency out there. Since then, there have been ups and downs, but the idea has not gone away, and many people are still using Bitcoin to pay for things online. Users have two keys that are used; one is private and the other is public. They are long codes that are created by encryption algorithms. These allow transactions to be carried out safely. It’s the private key that is used to authorise each transaction […]

712, 2016

How To Strategically Invest

By |December 7th, 2016|Financial, XPC|Comments Off on How To Strategically Invest

Money really is the sum of all things. Many of us are preoccupied with our wealth and look to the future to see how well off we’re going to be. It can be hard to manage, sometimes not knowing how much to save or spend and what kinds of accounts to use. Investing can be really fruitful, but only when you know what you’re doing. Here are some tips.

Invest In What You Know

Don’t just blindly invest, only invest in what you know. By doing this you’re more likely to understand the fluctuations and when best to invest. When you know the industry you’re investing in it means you can make more informed decisions and you probably know who the better companies are in your sector. Warren Buffett himself said “invest in what you know”, it gives you a great start to investing. Once you’ve picked up a few good investments in your own sector then you can perhaps branch out into more unknown regions.

Find A Good Manager

Sometimes we either don’t have the time or knowledge to invest ourselves, so we hire investment managers. These are great as they have great insights into the world of investment. They do charge a fee, either annually or based upon their success. You can also consider hiring a general wealth manager. They can show you where you’re going wrong and what you need to change to get the most out of what you already have. Ian Filippini is a great example. They can guide you to more specialist investment managers and have a superb understanding of all financial markets.

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Be Patient

We can all be fidgety and eager to sell when we’ve invested in stocks, but try to hold out. If […]

512, 2016

Not-So-Fun Facts About Financial Fraud

By |December 5th, 2016|Financial, XPC|Comments Off on Not-So-Fun Facts About Financial Fraud

Crime overall has been declining for some time, especially violent crime, which is good news for society. But some of the latest data from credit rating agency, Experian, suggests that it’s not all good news. According to their report, we’re seeing a greater number of frauds being perpetrated, especially online where security is still playing catch up.

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One of the things they cite as having a significant impact is the fact that fraudsters don’t actually see their victims suffer. Sure, they siphon a few hundred dollars out of their bank accounts, but it’s never anything more than a few numbers on a screen leaving one account and getting deposited in another. In other words, the reality of the human suffering caused by crime has been bypassed.

Experian has put together some of the fraud trends that it sees playing a significant role going forward. Here’s what they found.

An Increase In The Rate Of Detection

Fraudsters have been ahead of the game for a long time, but Experian is predicting that they are going to get caught in increasing numbers as detection rates rise. According to their estimates, frauds detection rates are going to increase from 24 to 35 per 10,000 applications. Given those odds, however, you might still favor the fraudsters.

Improvement In Identity Theft Protection

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Thanks to more secure international payments provided by sites, like http://www.hbms.com, Experian says that identity theft is on the decline. According to data collected by the company, third party identity fraud now accounts for more than 47 percent of all detected fraud cases. That’s up significantly from around 30 percent since 2013.

Mortgage Applications Have High Fraud Detection Rate

Mortgage providers have been cracking down on mortgage fraud recently, mostly thanks to […]

212, 2016

Protecting Your Finances As a Homeowner

By |December 2nd, 2016|Financial, XPC|Comments Off on Protecting Your Finances As a Homeowner

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Buying a house and getting a foot onto the property ladder is one of the most rewarding things you will do in your life. It gives you a certain amount of security and also puts your money to its best use. While there are peaks and troughs in the property market, generally houses accumulate value as they age. Plus you’re not paying to rent somewhere each month which is costly and doesn’t benefit you in the long run. But there are some pitfalls to owning a home; it can be incredibly expensive to put right anything when it goes wrong. And if your financial situation changes, you can be in a vulnerable position where you risk losing it all. Here are just a few of the ways you can protect your finances as a homeowner.

Get Insured

It goes without saying that you should have buildings insurance with a good level of cover to protect your property from any disasters. This could be a natural disaster such as a flood or lightning strike. It could be a result of vandalism such as arson, or it could be a freak accident such as an electrical or kitchen fire. Either way, serious damage to the property is going to be way more to fix than the average homeowner will be able to pay straight out of their pocket. If a disaster were to happen, you have peace of mind that you won’t lose everything that you’ve worked so hard for.

Prevent Damage

Prevention is always better than cure, and there are steps you can take as a homeowner to ensure that damage to your property is reduced. Having any pest infestations however minor they appear at first sorted quickly […]

212, 2016

Time to Split: How to Get Through a Divorce Without Ruining Your Finances

By |December 2nd, 2016|Financial, XPC|Comments Off on Time to Split: How to Get Through a Divorce Without Ruining Your Finances

Going through a divorce is obviously a task that is emotionally draining, but that’s not the only way in which it can be painful. There is the financial side of things that matters too. Dividing up assets and negotiating settlements can leave you with not much at all if you’re not careful. You don’t want to end the divorce in financial ruins, so start thinking about the finances right now.

Don’t Do it Without Lawyers

Many people are tempted to go through a divorce without lawyers because they think it will be less hassle. That’s rarely the case, though. In most cases, lawyers offer a positive influence because they can approach the divorce from a detached angle. On the other hand, if you and your partner take on the divorce without lawyers, both of your emotions will get tangled up in the situation, which is never good. So, don’t give in to this temptation. Instead, visit a law firm such as Elliot Heidelberger Law Office. It could save you a lot of trouble.

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Close the Joint Accounts

Your joint accounts should be either closed or switched to one person or the other. When you are divorcing someone, it’s essential that all financial ties are cut as quickly as possible. You don’t want this kind of financial issue hanging over your heads. If you don’t close or transfer the accounts swiftly, it could affect your credit score. For example, your ex could start to make late payments, and because your name will still be on the account, it will have an impact on your credit score. That’s not what you want to happen, so get this sorted out quickly.

Assess the Value of Your Assets and Liabilities Carefully

One of […]

2811, 2016

Illness Strikes Suddenly, Here’s How You Protect Your Finances

By |November 28th, 2016|Financial, XPC|Comments Off on Illness Strikes Suddenly, Here’s How You Protect Your Finances

When often think of getting financial assistance due to health-related reasons. However, most of the time we think of temporary injuries and helping us through the process of recovery. The truth is that millions of people are struck with illnesses that can make it difficult or impossible for them to ever hold a full-time job again. It’s not a risk we like to think about, but it is one that we should be preparing for. Here are some of the ways you can look after your finances if it ever happens to you.

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Preparations everyone should make

The risk of becoming disabled and unable to work is not a small one. As many as 10% of working adults face it. With that in mind, you should prepare yourself for the possibility. For example, many employers will offer options like long-term disability coverage. If yours does, you should consider enrolling in it. Just make sure you check the details on it, as the length of coverage and the extent of it can vary widely. Have you been diagnosed with a chronic condition that will worsen over time? You should redirect your efforts to saving more towards the possibility you might get to a point where you cannot work.

Social Security Disability

Applying for Social Security Disability will be your next step when you reach the stage you can no longer work. Millions of people are in the application process and many of them will not receive it to begin with. While you’re applying and out of work, look into assisting programs to help you with your ongoing expenses. Like food stamps and prescription drug assistance. To get the best chance of getting a positive SSD result, you need to […]

2511, 2016

Startup Investments You Have to Make Right Now!

By |November 25th, 2016|Financial, XPC|Comments Off on Startup Investments You Have to Make Right Now!

Your startup is perfectly placed to start making some investments these days. You have to understand what is a worthwhile investment, and what matters for the company. Here are a few of the best things you have to invest in as a business owner!

Stock

You have to appreciate that stock is a huge part of your business as well. And, it too is an investment. Whenever you order stock for the company, you are making an investment. And the idea is to get it for cheaper than you are able to sell it for. And this means building a relationship with wholesalers and delivery drivers. You want to make sure you get all the stock you order, and that it’s in great condition. Stock and goods matter a lot because they are what bring in the sales for your company. This is a wonderful example of the perfect investment. You spend a sum of money in order to make more money further down the line. The difference is, unlike a lot of investments, you have more control over where the money goes, and on how likely you are to see a return on investment.

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Staff

Staff play a massive part in any business, and they are integral to the development of the company. You have to understand how much your workers matter. And that’s why it’s so important that you invest wisely in staff. You may not view them as an investment, but that’s exactly what they are. There are so many different types of people you can invest in. Choosing the perfect employees for your business is quite challenging. And it might end up being something of a trial and error process. But you need to […]

2411, 2016

Home Ownership Is Declining – Why Are Millennials Buying Homes Less?

By |November 24th, 2016|Financial, XPC|Comments Off on Home Ownership Is Declining – Why Are Millennials Buying Homes Less?

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Home buying has long been a major life goal for most adults. Many people want a plot of land and a house to call their own and raise a family. But recent statistics show that interest in homeownership may be dwindling. Home ownership in America is now at its lowest rate since 1965, according to www.cnbc.com/.

Much of this has been put down to millennials- the generation born between the 80s and 00s. Younger people simply aren’t looking into buying homes as much as previous generations, and many prefer to rent. But what factors have contributed to this decline?

Rise Of Student Debt

More Americans than ever have the opportunity to go into further education. Many loans, grants, and scholarship are available to those who want to pursue college and university. The problem is, many people accumulate a crippling amount of debt while doing so.

Student loan debt is higher than ever, and it’s rising fast. Many millennials can’t look into buying homes because it’ll only add more to their financial woes. Having to pay off a mortgage on top of a mountain of student debt is a difficult prospect. There are ways to pay off student loans faster. Still, many graduates are left with a significant amount of debt to manage.

As well as high tuition fees, many people pay expensive living costs to move away for better opportunities. While higher education is expensive in America, some universities in Europe offer free education. That might be a better option for those looking to save money on education, although traveling and living costs will still be high.

Lack Of Affordable Housing

Many news outlets have pointed to a lack of affordable housing as a reason, such as www.fortune.com/. More households […]

2411, 2016

Ridiculously Easy Money-Making Methods Ontop Of Your Job

By |November 24th, 2016|Financial, XPC|Comments Off on Ridiculously Easy Money-Making Methods Ontop Of Your Job

We’ll follow the advice of just about every financial whiz out there. We’re going to recommend that you use your primary income for essentials. Invest it. Build your savings. Get your credit in order. But there are ways to do that and still have a little extra pocket money for your own spending. We’re going to look at a few of the best extra-curricular cash making methods you can find.

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Better betting

Let’s just say this up front. There is no way that betting can be completely devoid of risk. Even matched bets require you to make other bets outside of them. There are, however, people who are statistically a lot better at betting than you. So much better that they’re able to profit from selling their techniques. You can pay for things like lay betting tips from some of the most prolific and successful gamblers in the world. The more trustworthy ones will even share their best and worst results as well as how much money they make with each bet.

Whatever your skills, sell ‘em

Everyone has skills that others are willing to pay for. It can be gardening, cooking, transport, cleaning. It can also be a lot more technical like plumbing. If you like the idea of helping people with odd jobs for a bit of cash, there are ways to do that. Skill-sharing sites allow you to list exactly what you can do, or find people who are looking for those skills.

Teach them, too

Your skills might be a bit more complicated than cleaning, as well. You might work, for instance, as a social media manager. Or a chef. Or an accountant. These are profitable skills that people are willing to pay to […]